TOT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TOT
Largest movements
- Cash -€37,751
down €37,751 (-56.8%), from €66,509 to €28,758
mainly Investment in fixed assets (net) (-€36,441) and Receivables within one year (-€19,461)
- Tangible fixed assets +€32,528
up €32,528 (+506.7%), from €6,419 to €38,948
of which Furniture and vehicles: +€25,633
- Receivables within one year +€19,461
up €19,461 (+288.8%), from €6,739 to €26,200
of which Other amounts receivable: +€19,327
- Reserves +€23,709
up €23,709 (+49.5%), from €47,867 to €71,575
- Other debts -€9,323
down €9,323 (-96.7%), from €9,643 to €320
- Tax, wage and social debts -€1,649
no longer reported in 2025 (was €1,649)
of which Taxes: -€1,284
- Short-term financial debts +€1,300
new in 2025: €1,300
- Gross operating margin -€14,632
down €14,632 (-24.6%), from €59,459 to €44,827
- Taxes -€4,584
down €4,584 (-23.2%), from €19,761 to €15,178
- Depreciation +€2,556
up €2,556 (+157.2%), from €1,625 to €4,181
- Staff costs -€1,235
no longer reported in 2025 (was €1,235)
- Other operating charges +€769
up €769 (+126.6%), from €607 to €1,376
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,935 | €93,906 | +€13,971 | +17.5% |
| Fixed assets | 21/28 | €6,688 | €38,948 | +€32,260 | +482.4% |
| Tangible fixed assets | 22/27 | €6,419 | €38,948 | +€32,528 | +506.7% |
| Furniture and vehicles | 24 | €2,032 | €27,665 | +€25,633 | +1261.3% |
| Other tangible fixed assets | 26 | €4,387 | €11,282 | +€6,896 | +157.2% |
| Financial fixed assets | 28 | €268 | - | -€268 | |
| Current assets | 29/58 | €73,247 | €54,958 | -€18,289 | -25.0% |
| Amounts receivable within one year | 40/41 | €6,739 | €26,200 | +€19,461 | +288.8% |
| Trade receivables | 40 | - | €134 | +€134 | |
| Other amounts receivable | 41 | €6,739 | €26,066 | +€19,327 | +286.8% |
| Cash at bank and in hand | 54/58 | €66,509 | €28,758 | -€37,751 | -56.8% |
| Total equity and liabilities | 10/49 | €79,935 | €93,906 | +€13,971 | +17.5% |
| Equity | 10/15 | €67,867 | €91,575 | +€23,709 | +34.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,867 | €71,575 | +€23,709 | +49.5% |
| Distributable reserves | 133 | €47,867 | €71,575 | +€23,709 | +49.5% |
| Amounts payable | 17/49 | €12,068 | €2,330 | -€9,738 | -80.7% |
| Amounts payable within one year | 42/48 | €11,871 | €2,330 | -€9,541 | -80.4% |
| Financial debts | 43 | - | €1,300 | +€1,300 | |
| Credit institutions | 430/8 | - | €1,300 | +€1,300 | |
| Trade debts | 44 | €579 | €709 | +€131 | +22.6% |
| Suppliers | 440/4 | €579 | €709 | +€131 | +22.6% |
| Taxes, remuneration and social security | 45 | €1,649 | - | -€1,649 | |
| Taxes | 450/3 | €1,284 | - | -€1,284 | |
| Remuneration and social security | 454/9 | €365 | - | -€365 | |
| Other amounts payable | 47/48 | €9,643 | €320 | -€9,323 | -96.7% |
| Accrued charges and deferred income | 492/3 | €197 | - | -€197 | |
| Remuneration, social security and pensions | 62 | €1,235 | - | -€1,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €4,181 | +€2,556 | +157.2% |
| Other operating charges | 640/8 | €607 | €1,376 | +€769 | +126.6% |
| Gross operating margin | 9900 | €59,459 | €44,827 | -€14,632 | -24.6% |
| Operating profit (loss) | 9901 | €55,991 | €39,270 | -€16,721 | -29.9% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1900.0% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1900.0% |
| Financial charges | 65/66B | €115 | €393 | +€278 | +240.9% |
| Recurring financial charges | 65 | €115 | €393 | +€278 | +240.9% |
| Profit (loss) for the period before taxes | 9903 | €55,876 | €38,887 | -€16,989 | -30.4% |
| Income taxes | 67/77 | €19,761 | €15,178 | -€4,584 | -23.2% |
| Profit (loss) for the period | 9904 | €36,114 | €23,709 | -€12,406 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,114 | €23,709 | -€12,406 | -34.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.